---
schema_version: "secwatch.filing_event.v1"
accession: "0001628280-24-020794"
form_type: "8-K"
ticker: "BSM"
cik: "0001621434"
company_name: "Black Stone Minerals, L.P."
filed_at: "2024-05-07T23:59:59+00:00"
generated_at: "2026-06-02T18:41:26.580414+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Black Stone Minerals cuts distribution 21% to $0.375/unit, lowers 2024 production guidance

## Summary
- Q1 2024 net income $63.9M, down from $147.6M in Q4 2023; Adjusted EBITDA $104.1M.
- Distribution reduced to $0.375/unit from $0.475/unit, coverage 1.22x; payable May 17.
- Total production guidance lowered to 38.5–40.5 MBoe/d from prior 40–42 MBoe/d.
- Aethon invoked JEA time-out; curtailment of ~800 Boe/d and 10-well completion delay.
- No debt outstanding; $89M cash as of May 3; $35.3M in mineral acquisitions since Q1.

## SEC filing metadata
- accession: 0001628280-24-020794
- form_type: 8-K
- ticker: BSM
- cik: 0001621434
- company_name: Black Stone Minerals, L.P.
- filed_at: 2024-05-07T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1621434/000162828024020794/0001628280-24-020794-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1621434/000162828024020794/bsm-20240506.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001628280-24-020794
- JSON: https://secwatch.observer/filing/0001628280-24-020794.json
- Plain text: https://secwatch.observer/filing/0001628280-24-020794.txt

## Key facts
- Earnings Releases
  Black Stone Minerals, L.P. reported first quarter of 2024 results: revenue $113.2 million, net income $63.9 million.
  - Period: first quarter of 2024
  - Revenue: $113.2 million
  - Net income: $63.9 million
  - Result: reported results
  source text: is a decrease of 12% from $35.03 per Boe in the fourth quarter of 2023 and an 8% decrease from $33.47 in the first quarter of 2023. Black Stone reported oil and gas revenue of $113.2 million (63% oil and condensate) for the first quarter of 2024, a decrease of 15% from $132.6 million in the fourth quarter of 2023. Oil and gas revenue in the first quarter of 2023 was
  evidence_url: https://www.sec.gov/Archives/edgar/data/1621434/000162828024020794/0001628280-24-020794-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.